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The collateral channel ("collateral") streams pUSD wrap/unwrap events - deposits and withdrawals of the V2 trading collateral. This channel is opt-in and separate from the activity channel.
Collateral events are V2-only. Users depositing via USDC.e on V1 won’t appear here. Subscribe to the activity channel for V1 collateral flows via split/merge/redeem.

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Filter Types

condition_ids, market_slugs, and token_ids are not supported - collateral flow isn’t tied to a specific market.

Event Types

polyusd_wrapped

A user deposited underlying collateral (e.g. USDC.e) and received pUSD.

polyusd_unwrapped

A user burned pUSD and received underlying collateral back.

Field Reference


Example: Tracking Wallet Deposits